Theoretical and Practical Considerations Regarding the Accounting and Tax Treatment of Factoring Operations in Romania
In the context of globalization, the transactions between business partners become more and more diverse and require special attention from commercial banks and factoring companies, both with regard to settlement, in order to avoid possible financial blockings, and with regard to the security and pr...
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| Format: | Article |
| Language: | English |
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The Body of Expert and Licensed Accountants of Romania
2024-02-01
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| Series: | CECCAR Business Review |
| Subjects: | |
| Online Access: |
https://www.ceccarbusinessreview.ro/theoretical-and-practical-considerations-regarding-the-accounting-and-tax-treatment-of-factoring-operations-in-romania-a361d/download-PDF/
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| _version_ | 1797277047887757312 |
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| author | Delia DAVID Eugen DELIMAN Marius F. DRĂGĂNESCU Andrea ONDREIOV |
| author_facet | Delia DAVID Eugen DELIMAN Marius F. DRĂGĂNESCU Andrea ONDREIOV |
| author_sort | Delia DAVID |
| collection | DOAJ |
| description | In the context of globalization, the transactions between business partners become more and more diverse and require special attention from commercial banks and factoring companies, both with regard to settlement, in order to avoid possible financial blockings, and with regard to the security and protection of the interests of parties, by using funding techniques, specific products and services. Factoring provides companies the possibility of funding based on trading receivables received from third parties. The aim of the article is to shed light on the accounting and tax approach of this funding technique that, although it has lots of advantages, is too little known and employed in the Romanian business environment. |
| first_indexed | 2024-03-07T15:42:01Z |
| format | Article |
| id | doaj.art-d3918df19588400480636c2941e9ebd5 |
| institution | Directory Open Access Journal |
| issn | 2668-8921 |
| language | English |
| last_indexed | 2024-03-07T15:42:01Z |
| publishDate | 2024-02-01 |
| publisher | The Body of Expert and Licensed Accountants of Romania |
| record_format | Article |
| series | CECCAR Business Review |
| spelling | doaj.art-d3918df19588400480636c2941e9ebd52024-03-05T08:33:35ZengThe Body of Expert and Licensed Accountants of RomaniaCECCAR Business Review2668-89212024-02-0151111610.37945/cbr.2024.01.0226688921Theoretical and Practical Considerations Regarding the Accounting and Tax Treatment of Factoring Operations in RomaniaDelia DAVID0Eugen DELIMAN1Marius F. DRĂGĂNESCU2Andrea ONDREIOV3"Vasile Goldiș" Western University of Arad<span style="color: #38396b; font-size: 14 px;">National Agency for Fiscal Administration</span><span style="color: #38396b; font-size: 14 px;">National Agency for Fiscal Administration</span>Ministerul FinanțelorIn the context of globalization, the transactions between business partners become more and more diverse and require special attention from commercial banks and factoring companies, both with regard to settlement, in order to avoid possible financial blockings, and with regard to the security and protection of the interests of parties, by using funding techniques, specific products and services. Factoring provides companies the possibility of funding based on trading receivables received from third parties. The aim of the article is to shed light on the accounting and tax approach of this funding technique that, although it has lots of advantages, is too little known and employed in the Romanian business environment. https://www.ceccarbusinessreview.ro/theoretical-and-practical-considerations-regarding-the-accounting-and-tax-treatment-of-factoring-operations-in-romania-a361d/download-PDF/ factoringfinancingtrade receivablefactoring customerfactoring debtor |
| spellingShingle | Delia DAVID Eugen DELIMAN Marius F. DRĂGĂNESCU Andrea ONDREIOV Theoretical and Practical Considerations Regarding the Accounting and Tax Treatment of Factoring Operations in Romania CECCAR Business Review factoring financing trade receivable factoring customer factoring debtor |
| title | Theoretical and Practical Considerations Regarding the Accounting and Tax Treatment of Factoring Operations in Romania |
| title_full | Theoretical and Practical Considerations Regarding the Accounting and Tax Treatment of Factoring Operations in Romania |
| title_fullStr | Theoretical and Practical Considerations Regarding the Accounting and Tax Treatment of Factoring Operations in Romania |
| title_full_unstemmed | Theoretical and Practical Considerations Regarding the Accounting and Tax Treatment of Factoring Operations in Romania |
| title_short | Theoretical and Practical Considerations Regarding the Accounting and Tax Treatment of Factoring Operations in Romania |
| title_sort | theoretical and practical considerations regarding the accounting and tax treatment of factoring operations in romania |
| topic | factoring financing trade receivable factoring customer factoring debtor |
| url |
https://www.ceccarbusinessreview.ro/theoretical-and-practical-considerations-regarding-the-accounting-and-tax-treatment-of-factoring-operations-in-romania-a361d/download-PDF/
|
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